| FORM NL-1-B-RA | ||||||
|---|---|---|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | ||||||
| Registration No. 112 | ||||||
| Date of Registration with the IRDA : 2nd April, 2001 | ||||||
| REVENUE ACCOUNT FOR THE PERIOD ENDED 30.06.2013 | ||||||
| FIRE INSURANCE BUSINESS | ( ` IN 000) | |||||
| PARTICULARS | SCHEDULE | FOR THE QUARTER | THREE MONTH ENDING 30.06.2013 | FOR THE QUARTER OF THE PRECEDING YEAR | THREE MONTH ENDING 30.06.2012 | |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 0 | 10688 434 | 0 | 8873 502 |
| 2 | Profit on sale of Investments (Net) | 0 | 314 822 | 0 | 102 479 | |
| 3 | Profit/-Loss on Exchange Fluctuation | 0 | 368 710 | 0 | -85 647 | |
| 4 | Interest, Dividend & Rent - Gross | 0 | 1313 198 | 0 | 1098 935 | |
| TOTAL (A) | 0 | 12685 164 | 0 | 9989 269 | ||
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 0 | 9185 116 | 0 | 8014 767 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 0 | 2252 214 | 0 | 1568 211 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 0 | 158 619 | 0 | 87 450 |
| 4 | Expenses relating to Investments | 0 | 1 014 | 0 | 1 998 | |
| TOTAL (B) | 0 | 11596 963 | 0 | 9672 426 | ||
| Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | 0 | 1088 201 | 0 | 316 843 | ||
| APPROPRIATIONS | ||||||
| Transfer to Shareholders' Account | 0 | 1088 201 | 0 | 316 843 | ||
| Transfer to Catastrophe Reserve | ||||||
| Transfer to Other Reserves (to be specified) | ||||||
| TOTAL (C) | 0 | 1088 201 | 0 | 316 843 | ||
| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Fire Insurance Business have been fully debited in the Fire Insurance Revenue Accounts as expenses. | ||||||
| MISCELLANEOUS INSURANCE BUSINESS | ||||||
| PARTICULARS | SCHEDULE | FOR THE QUARTER | THREE MONTH ENDING 30.06.2013 | FOR THE QUARTER OF THE PRECEDING YEAR | THREE MONTH ENDING 30.06.2012 | |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 0 | 19546 976 | 0 | 19424 803 |
| 2 | Profit on sale of Investments (Net) | 0 | 549 545 | 0 | 155 912 | |
| 3 | Profit/-Loss on Exchange Fluctuation | 0 | 1003 096 | 0 | 117 022 | |
| 4 | Interest, Dividend & Rent - Gross | 0 | 2292 281 | 0 | 1671 937 | |
| TOTAL (A) | 0 | 23391 898 | 0 | 21369 674 | ||
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 0 | 18140 311 | 0 | 18877 228 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 0 | 3009 199 | 0 | 3691 384 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 0 | 191 489 | 0 | 180 960 |
| 4 | Expenses relating to Investments | 0 | 1 770 | 0 | 3 041 | |
| 5 | Premium Deficiency | 0 | 0 | 0 | -1414 674 | |
| TOTAL (B) | 0 | 21342 769 | 0 | 21337 939 | ||
| Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | -5635 087 | 2049 129 | 1958 684 | 31 735 | ||
| APPROPRIATIONS | ||||||
| Transfer to Shareholders' Account | -5635 087 | 2049 129 | 1958 684 | 31 735 | ||
| Transfer to Catastrophe Reserve | ||||||
| Transfer to Other Reserves (to be specified) | ||||||
| TOTAL (C) | -5635 087 | 2049 129 | 1958 684 | 31 735 | ||
| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses. | ||||||
| MARINE INSURANCE BUSINESS | ||||||
| PARTICULARS | SCHEDULE | FOR THE QUARTER | THREE MONTH ENDING 30.06.2013 | FOR THE QUARTER OF THE PRECEDING YEAR | THREE MONTH ENDING 30.06.2012 | |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 0 | 2635 935 | 0 | 3008 632 |
| 2 | Profit on sale of Investments (Net) | 0 | 88 174 | 0 | 32 316 | |
| 3 | Profit/-Loss on Exchange Fluctuation | 0 | 131 902 | 0 | 69 930 | |
| 4 | Interest, Dividend & Rent - Gross | 0 | 367 794 | 0 | 346 541 | |
| TOTAL (A) | 0 | 3223 805 | 0 | 3457 419 | ||
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 0 | 1588 343 | 0 | 2885 212 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 0 | 646 560 | 0 | 597 560 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 0 | 30 361 | 0 | 18 446 |
| 4 | Expenses relating to Investments | 0 | 284 | 0 | 630 | |
| TOTAL (B) | 0 | 2265 548 | 0 | 3501 848 | ||
| Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | 0 | 958 257 | 0 | -44 429 | ||
| APPROPRIATIONS | ||||||
| Transfer to Shareholders' Account | 0 | 958 257 | 0 | -44 429 | ||
| Transfer to Catastrophe Reserve | ||||||
| Transfer to Other Reserves (to be specified) | ||||||
| TOTAL (C) | 0 | 958 257 | 0 | -44 429 | ||
| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Marine Insurance Business have been fully debited in the Marine Insurance Revenue Accounts as expenses. | ||||||
| LIFE INSURANCE BUSINESS | ||||||
| PARTICULARS | SCHEDULE | FOR THE QUARTER | THREE MONTH ENDING 30.06.2013 | FOR THE QUARTER OF THE PRECEDING YEAR | THREE MONTH ENDING 30.06.2012 | |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 0 | 158 805 | 0 | 86 406 |
| 2 | Profit on sale of Investments (Net) | 0 | 2 727 | 0 | 425 | |
| 3 | Profit/-Loss on Exchange Fluctuation | 0 | 5 212 | 0 | 963 | |
| 4 | Interest, Dividend & Rent - Gross | 0 | 11 370 | 0 | 4 562 | |
| TOTAL (A) | 0 | 178 114 | 0 | 92 356 | ||
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 0 | 183 709 | 0 | 157 757 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 0 | 5 255 | 0 | 2 274 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 0 | 3 470 | 0 | 1 370 |
| 4 | Expenses relating to Investments | 0 | 9 | 0 | 8 | |
| TOTAL (B) | 0 | 192 443 | 0 | 161 409 | ||
| Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | 0 | -14 329 | 0 | -69 053 | ||
| APPROPRIATIONS | ||||||
| Transfer to Shareholders' Account | 0 | -14 329 | 0 | -69 053 | ||
| Transfer to Catastrophe Reserve | ||||||
| Transfer to Other Reserves (to be specified) | ||||||
| TOTAL (C) | 0 | -14 329 | 0 | -69 053 | ||
| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Life Insurance Business have been fully debited in the Life Insurance Revenue Accounts as expenses. | ||||||